New Delhi, Aug. 6 -- The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, paving the way for a series of tax and regulatory reforms aimed at improving the ease of doing business, attracting foreign direct investment (FDI), promoting manufacturing and reinforcing India's position as a global investment destination.
The legislation, introduced by Finance Minister Nirmala Sitharaman, was approved by a voice vote amid persistent Opposition protests.
The Bill, which was introduced in the House on August 4, replaces the Income-tax (Amendment) Ordinance, 2026, promulgated on June 5. It amends the Income-tax Act, 2025, the Finance Act, 2026, and the Payment and Settlement Systems Act, 2007, as part of the governmen...